Relinquishment of Operational Control definition

Relinquishment of Operational Control in relation to any Relevant Business Asset, means entering into any agreement or arrangement under which operational control of that Relevant Business Asset is not or will cease to be under the sole management of the Contractor;
Relinquishment of Operational Control has the meaning Management); given in Schedule 21 (Exit
Relinquishment of Operational Control shall have the same meaning as used in Standard Condition 29 of the Distribution Licence and "RELINQUISHED OPERATIONAL CONTROL" shall be construed accordingly.

Examples of Relinquishment of Operational Control in a sentence

  • Without limiting its other obligations under this Agreement and without prejudice to the Contractor’s ability to update, upgrade, maintain or replace (with the same or assets of equvalence), the Contractor may not carry out any Disposal of or any Relinquishment of Operational Control over, any Relevant Business Asset without the prior written consent of the DCC.

  • Without limiting its other obligations under this Agreement, the Contractor may not carry out any Disposal of or any Relinquishment of Operational Control over, any Relevant Business Asset without the prior written consent of the DCC.

Related to Relinquishment of Operational Control

  • Operational Control means Security monitoring, adjustment of generation and transmission resources, coordinating and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Balancing Authority Areas and Reliability Coordinators, voltage reductions and load shedding, except that each legal owner of generation and transmission resources continues to physically operate and maintain its own facilities.

  • Commencement of Operations means the beginning of active operations by a qualifying business of the principal function for which a qualifying project was constructed.

  • Area of operation means an area coextensive with the territorial boundaries of the land acquired or

  • Plan of operation means the plan of operation of the program

  • Areas of Operations means the locations where PURCHASER performs the operations described in the contract.

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Certificate of operation means a document issued by the administrator or an approved local jurisdiction for a conveyance indicating that the conveyance has been inspected by the administrator, an approved local jurisdiction, or a licensed third-party conveyance inspector and approved under this article.

  • Operational Period means the Certificate’s actual term of validity, beginning with the start of the Validity Period and ending on the earlier of: (i) the end of the Validity Period disclosed in the Certificate; or (ii) the revocation of the Certificate.

  • Hours of Operation are the hours established by the Employer to provide adequate service to the public and to fulfil the functions of the work unit.

  • In operation means engaged in activity related to the primary design function of the source.

  • area control service means air traffic control service for controlled flights in control areas;

  • CT conditions of operation means all selectable parameters governing the operation of a CT X-ray system including, but not limited to, nominal tomographic section thickness, filtration, and the technique factors as defined in 41.1(2).

  • Operational Plan means a Forest Stewardship Plan, Woodlot Licence Plan, a Range Use Plan, or Range Stewardship Plan, as those terms are defined in provincial forest and range legislation;

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Gaming Operation means the business enterprise that offers and operates Gaming Activities, whether exclusively or otherwise.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Operations Plan means the document by which PURCHASER notifies STATE of the plans and schedule for completing the operations described in the contract. It also contains the names of the subcontractors, PURCHASER's Authorized Representatives, and STATE's Authorized Representatives. Permit means any permit required by a federal, state, or local government agency before operations under this contract may lawfully begin or continue. Permit includes an incidental take permit under the federal Endangered Species Act.

  • Records management means the systematic control of all records from creation or receipt through processing, distribution, maintenance and retrieval, to their ultimate disposition.

  • Management Control means the possession, directly or indirectly of the power to direct or cause the direction of the management and policies of the Concessionaire, whether through the ownership of voting securities, by contract or otherwise or the power to elect or appoint more than 50% (fifty percent) of the directors, managers, partners or other individuals exercising similar authority with respect to the Concessionaire.

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being: